Great Ajax Corp. (NYSE:AJX) Short Interest Update

Great Ajax Corp. (NYSE:AJXGet Rating) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 58,300 shares, a decline of 6.0% from the December 15th total of 62,000 shares. Based on an average daily trading volume, of 67,400 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are sold short.

Great Ajax Stock Down 1.0 %

Shares of NYSE:AJX opened at $8.71 on Wednesday. The company has a market capitalization of $199.40 million, a PE ratio of -13.61 and a beta of 1.72. Great Ajax has a 52 week low of $7.02 and a 52 week high of $13.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.89 and a current ratio of 1.89. The company’s fifty day moving average is $7.77 and its 200-day moving average is $8.59.

Great Ajax Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Tuesday, November 15th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 12.40%. The ex-dividend date of this dividend was Monday, November 14th. Great Ajax’s payout ratio is currently -168.75%.

Analyst Ratings Changes

AJX has been the subject of several recent research reports. Raymond James cut their price target on Great Ajax from $14.50 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, October 18th. B. Riley decreased their price target on shares of Great Ajax from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. TheStreet lowered shares of Great Ajax from a “c-” rating to a “d” rating in a report on Friday, November 25th. Finally, StockNews.com assumed coverage on shares of Great Ajax in a report on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

Insider Transactions at Great Ajax

In related news, CFO Mary B. Doyle sold 3,612 shares of the business’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $7.56, for a total transaction of $27,306.72. Following the transaction, the chief financial officer now owns 95,759 shares of the company’s stock, valued at $723,938.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Institutional Investors Weigh In On Great Ajax

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Claybrook Capital LLC grew its holdings in shares of Great Ajax by 72.7% during the fourth quarter. Claybrook Capital LLC now owns 58,552 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 24,650 shares during the last quarter. KG&L Capital Management LLC bought a new position in shares of Great Ajax in the fourth quarter worth about $933,000. Vanguard Group Inc. lifted its position in shares of Great Ajax by 7.4% during the third quarter. Vanguard Group Inc. now owns 977,413 shares of the real estate investment trust’s stock worth $7,340,000 after purchasing an additional 67,179 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Great Ajax during the third quarter valued at approximately $449,000. Finally, Family Management Corp increased its holdings in shares of Great Ajax by 9.1% in the third quarter. Family Management Corp now owns 323,770 shares of the real estate investment trust’s stock valued at $2,432,000 after purchasing an additional 27,055 shares in the last quarter. 74.63% of the stock is owned by institutional investors and hedge funds.

About Great Ajax

(Get Rating)

Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.

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